GOLD 0.51% $1,391.7 gold futures

a word of caution, page-11

  1. 12,639 Posts.
    I just can't get the feeling out of my head that the Fed will fight the $1000 level with everything they've got)


    Very interesting read Adwebster,

    We are only talking about a further rise of US$49 to surpass the $1000 mark.

    I ask everyone, what is the difference of just another $49 to the Fed other than the fact that the investment community would become excited by their investments rising in value???

    I personally don't think that we'll see any major correction as I feel that we are now coming out of the consolidation phase.

    All of the conspiracy theorists may disagree though.

    These days 50 bucks really gets you very little so I don't see any significance in the Fed suppressing it now.

    Fundamentals of Gold are becoming stronger by the month now so the cork has got to pop at some stage.
 
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